Overview
Raised: $406,870
Total Commitments ($USD)
Platform
SMBX
Start Date
10/23/2023
Close Date
11/15/2023
Min. Goal
$20,000
Max. Goal
$165,000
Min. Investment
$10
Security Type
Debt
Series
Seed
SEC Filing Type
RegCF
Interest Rate
9.00%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$18,494
Momentum
Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Boichik Bagels is raising funds on SMBX. The company has recreated one of the most iconic bagels of New York City. The business works through wholesale, web order pickups, and its own delivery system. Boichik Bagels has been a hit since its launch and has been named “the best bagel in the country” by the New York Times. The company has also started its frozen wholesale bagel operation and plans to grow further. Emily Winston founded Boichik Bagels in June 2018. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $165,000. The campaign proceeds will be used to purchase equipment for the bagel plant and retail shop.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$5,419,825 |
$4,218,827 |
|
COGS |
$1,207,637 |
$738,811 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$1,605,816 |
$1,796,106 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$997,955 |
$1,555,322 |
|
Accounts Receivable |
$71,527 |
$48,962 |
|
Total Assets |
$6,979,732 |
$2,028,881 |
|
Short-Term Debt |
$191,204 |
$49,373 |
|
Long-Term Debt |
$3,330,600 |
$42,201 |
|
Total Liabilities |
$3,521,804 |
$91,574 |
Financials as of: 10/23/2023
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